Azure Holding Group Stock Market Value
| AZRH Stock | USD 0.24 0.02 9.09% |
| Symbol | Azure |
Azure Holding 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Azure Holding's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Azure Holding.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Azure Holding on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Azure Holding Group or generate 0.0% return on investment in Azure Holding over 180 days. Azure Holding is related to or competes with Arhaus, Floor Decor, Live Ventures, Cisco Systems, Johnson Johnson, JPMorgan Chase, and Walmart. Azure Holding Group Corp., a development stage company, focuses on the sale of used automobiles More
Azure Holding Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Azure Holding's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Azure Holding Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 26.79 | |||
| Information Ratio | 0.1272 | |||
| Maximum Drawdown | 15445.16 | |||
| Value At Risk | (38.89) | |||
| Potential Upside | 60.65 |
Azure Holding Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azure Holding's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azure Holding's standard deviation. In reality, there are many statistical measures that can use Azure Holding historical prices to predict the future Azure Holding's volatility.| Risk Adjusted Performance | 0.1073 | |||
| Jensen Alpha | 232.39 | |||
| Total Risk Alpha | (75.12) | |||
| Sortino Ratio | 9.0 | |||
| Treynor Ratio | 3.5 |
Azure Holding Group Backtested Returns
Azure Holding is out of control given 3 months investment horizon. Azure Holding Group secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We were able to interpolate data for twenty-nine different technical indicators, which can help you to evaluate if expected returns of 23.73% are justified by taking the suggested risk. Use Azure Holding Mean Deviation of 459.36, risk adjusted performance of 0.1073, and Downside Deviation of 26.79 to evaluate company specific risk that cannot be diversified away. Azure Holding holds a performance score of 14 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 68.88, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Azure Holding will likely underperform. Use Azure Holding value at risk, as well as the relationship between the skewness and day median price , to analyze future returns on Azure Holding.
Auto-correlation | -0.5 |
Modest reverse predictability
Azure Holding Group has modest reverse predictability. Overlapping area represents the amount of predictability between Azure Holding time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Azure Holding Group price movement. The serial correlation of -0.5 indicates that about 50.0% of current Azure Holding price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Azure Holding Group lagged returns against current returns
Autocorrelation, which is Azure Holding pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Azure Holding's pink sheet expected returns. We can calculate the autocorrelation of Azure Holding returns to help us make a trade decision. For example, suppose you find that Azure Holding has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Azure Holding regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Azure Holding pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azure Holding pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azure Holding pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Azure Holding Lagged Returns
When evaluating Azure Holding's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azure Holding pink sheet have on its future price. Azure Holding autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Azure Holding autocorrelation shows the relationship between Azure Holding pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Azure Holding Group.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Azure Pink Sheet
Azure Holding financial ratios help investors to determine whether Azure Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Azure with respect to the benefits of owning Azure Holding security.